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Vodafone Qatar posts narrower Q2 net loss

Reuters - UK Focus

Nov 8 (Reuters) - Vodafone Qatar, an affiliate of Vodafone Group (NasdaqGS: VOD - news) , reported a narrowing second-quarter loss on Tuesday, according to Reuters calculations.

The operator made a net loss of 63.9 million riyals ($17.6 million) in the three months to Sep. 30, Reuters calculations showed, using financial statements in lieu of a quarterly earnings breakdown.

That compares with a loss of 113.6 million riyals in the prior-year period, and the forecast of a 94 million riyal loss from Arqaam Capital.

The company made a half-year net loss of 163.5 million riyals compared with a 213.5 riyals loss in the year-ago period, according to a bourse statement. ($1 = 3.6412 Qatar riyals) (Reporting by Alexander Cornwell; Editing by David French)